Adaptation of ERP Trends by both by enterprises and small business owners is increasing exponentially. Staying up to date for ERP evolution is necessary now for decision- makers to cope up with latest developments.
More ERP Product Choices
In early timings MRP is used only for manufacturing resource planning. In 1990 the MRP systems evolved to ERP and become more comprehensive. Now with the cloud based ERP systems or ERP trends it is easier to add more things like finance management, Inventory control, Human resource and customer relationship management.
So ERP vendors are following this trend by building cloud based solution which can be easily scale to accommodate the new operations.
Best-of-breed Approach
The cloud based ERP trend has wider implication in terms of providing more potential information sources and opportunities to make best use of data.
Powerful cloud-based platforms help companies to practice predictive analytics and evaluate business operations in much better way. Pooling information from suppliers and aggregating data from outside the company to make real-time operational adjustments is going to be a competitive edge in 2017.
Sophisticated Analytics
Use of sophisticated and reliable analytics was limited to bigger enterprises who can afford it. But now in 2017 cloud software has ability to run analytics effectively for small to medium sized companies. Data role for gaining more insight and improve collaboration to embrace quick, automatic and well-organized analytics.
Intelligent ERP Systems
ERP trends now days’ work with real-time data and considered more intelligent than previous ones. An intelligent ERP system use new technologies such as predictive analysis, machine learning and cloud deployment to manage data and resources.
Digital transformation and automation is reshaping software application including commerce, sales, marketing, service and decision support. Companies now depend on embedded intelligence of cognitive technologies for their future business decisions.
Rising Security Levels
Evolving of technology also give rise to more security threats. Highly connected and reliable ERP platforms have resulted in security becoming more critical. The volume of threats increase at the professional services which leads to the data breaches on intellectual property fronts and customer information.
Because of these risks and drift towards breaches the trend of better ERP security is now going to be the greatest demand by companies in 2017.